EU Austerity Measures: Why The Nobel Peace Prize Matters
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EU Austerity Measures: Why The Nobel Peace Prize Matters

In receiving the Nobel Peace Prize, the leaders of the European Union should not only take a moment to feel justifiable pride in the recognition of the EU’s past accomplishments, but they should also take a moment to reflect on what they’re doing today in the midst of the Eurozone crisis that may undermine that very achievement.

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Eurozone Crisis Reveals Lack of Clear Leadership
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Eurozone Crisis Reveals Lack of Clear Leadership

Most of the attention to the eurozone crisis in the business pages of US newspapers is on economics. Will eurozone countries default on their debt? Are the spreads on debt too high to be sustainable? Are the banks the real risk? Will the euro break up with a Greek exit? Or will it be Germany?

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Comment on the Greek crisis and EU leaders meeting
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Comment on the Greek crisis and EU leaders meeting

It is amazing how blind the EU leaders (German Chancellor, ECB, and some in the EU Commission) are to the political dangers involved in trying to force Greece to implement economic cuts that are bound to fail, that have already failed, and that will plunge the country deeper into misery….and anarchy!

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Democratizing the Eurozone
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Democratizing the Eurozone

In recent months, more and more attention has been focused on the failure of the Eurozone leaders’ policies of fiscal consolidation, with growth presented as the alternative. The problems for the Eurozone stem not just from the policies, however. They also come from the governance processes and the politics—or lack thereof.

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Comment on French elections
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Comment on French elections

The presidential elections in France, the legislative elections in Greece, and the regional elections in Germany together mark a turning point for the EU. The results make clear that, despite their differences, European voters all share a common view that current leaders are not delivering. In France and Greece, voters want an end to unending austerity that doesn't work.

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Partial EU Pact Reached
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Partial EU Pact Reached

There's a joke told about Gorbachev who, when asked to say one word about the state of the Soviet economy responded: GOOD. When asked for two words: NOT GOOD. The same could be said about the agreement reached Friday.

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Saving the Euro Will Mean Worse Choices for Europe
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Saving the Euro Will Mean Worse Choices for Europe

Markets are reeling because Europe's leaders have only offered up half-measures to resolve the crisis. Not until Brussels, Paris, and Berlin realize the fundamental flaw in their current approach—a lack of real political and economic integration across the eurozone—will there be an end in sight.

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